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MIRA INFORM REPORT
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Report No. : |
486706 |
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Report Date : |
17.01.2018 |
IDENTIFICATION DETAILS
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Name : |
EPPENDORF AG |
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Registered Office : |
Barkhausenweg 1 D 22339 Hamburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
1945 |
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Com. Reg. No.: |
HRB 76249 |
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Legal Form : |
Public limited company |
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Line of Business : |
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No. of Employees : |
334 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
GERMANY - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and a large increase in net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms.
Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.
Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011 and in 2016 Germany reached a budget surplus of 0.6%. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016, though the target was already reached in 2012.
The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros during 2016-18, largely in infrastructure, is intended to spur needed private investment. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela MERKEL announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany plans to replace nuclear power largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, up from 9% in 2000. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its electricity generating capacity and 46% of its base-load electricity production. Domestic consumption, bolstered by low energy prices and a weak euro, and exports are likely to drive German GDP growth again in 2017.
|
Source
: CIA |
Company
name and address
EPPENDORF AG
Company Status: active
Barkhausenweg 1
D
22339 Hamburg
Telephone:040/53801-0
Telefax:
040/53801-556
Homepage: www.eppendorf.com
E-mail:
eppendorf@eppendorf.com
VAT no.: DE118649726
CONCLUSION
Business relations are permissible.
Summery
LEGAL FORM Public
limited company
Date of foundation: 1945
Registered on: 13.07.2000
Commercial Register: Local court 20355 Hamburg
under: HRB
76249
Share capital: EUR 51,132,000.00
President of
the Board of Directors:
Thomas Werner Bachmann
Wieslerstr. 36
CH Zollikon
authorized to jointly
represent the company
born: 03.01.1959
Profession: Mechanical
engineer
Nationality: Swiss
Vice-president of the Board of Directors:
Detmar Paul Ammermann
Sommerpark 16
D 22926 Ahrensburg
authorized to jointly
represent the company
born: 20.05.1958
Profession: Fully
qualified merchant
Marital status: unknown
Member of
the Board of Directors:
Dr. Wilhelm Plüster
Lottbeker Platz 14
D 22359 Hamburg
born: 17.07.1966
Profession: Fully
qualified chemist
President of
the Supervisory Board:
Philipp von Loeper
Immenberg 22
D 23911 Pogeez
born: 25.11.1966
Profession: Fully
qualified merchant
Member of
the Supervisory Board:
William A. Linton
USA - Madison, Wisconsin
Nationality: USA
Member of
the Supervisory Board:
Dr. Michael Schroeder
Menzer Weg 6
D 14165 Berlin
Marital status: unknown
Member of
the Supervisory Board:
Prof. Dr. Elmar Hinz
Windmühlenstr. 22
D 21400 Reinstorf
Marital status: unknown
Representative of the Employees within the
Supervisory Board:
Dirk Höft
Schmiedekamp 11
D 23779 Neukirchen
born: 01.11.1959
Profession: plastics
moulder
Representative of the Employees within the
Supervisory Board:
Marlis Kripke
Liliencronstr. 6e
D 23758 Oldenburg
Profession: Industrial
scientist
Further
functions/participations of Detmar Paul Ammermann
(Vice-president of the Board of Directors)
Member of the Supervisory Board:
Eppendorf Zentrifugen GmbH
Portitzer Allee 15
D 04329 Leipzig
Legal form: Private
limited company
Share capital: EUR 5,000,000.00
Registered
on: 12.12.1991
Reg. data: 04275 Leipzig, HRB 4236
Member of
the Supervisory Board:
Starlab International
GmbH
Neuer Höltigbaum 38
D 22143 Hamburg
Legal form:
Private limited company
Share capital: EUR 2,000,000.00
Registered
on: 23.02.2012
Reg. data: 20355 Hamburg, HRB 122020
Further
functions/participations of Dr. Wilhelm Plüster (Member
of the Board
of Directors)
Member of
the Supervisory Board:
Eppendorf Zentrifugen
GmbH
Portitzer Allee 15
D 04329 Leipzig
Legal form: Private
limited company
Share capital: EUR 5,000,000.00
Registered
on: 12.12.1991
Reg. data: 04275 Leipzig, HRB 4236
COMPANY
HISTORY
company name
and legal form
1945 - 12.07.2000 Eppendorf-Netheler-Hinz GmbH
Barkhausenweg 1
D 22339 Hamburg
Private limited
company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
12.08.2016 - 09.01.2017 Vice-president of the Supervisory Board
Hans Hinz
Bernhard-Ihnen-Str.
15c
D 21465 Reinbek
16.07.2014 - 03.11.2016 Member of the Board of Directors
Dr. Ralf Hermann
Palmstr. 32
D 50672 Köln
12.02.2015 - 02.06.2016 President of the Supervisory Board
Klaus Fink
Hempenkamp 13a
D 22359 Hamburg
28.05.2014 - 02.06.2016 Vice-president of the Supervisory Board
Hans Hinz
Bernhard-Ihnen-Str.
15c
D 21465 Reinbek
07.06.2013 - 09.07.2015 Member of the Board of Directors
Dr.rer.nat.
Heinz-Gerhard Köhn
Poppenbütteler
Chaussee 49
D 22397 Hamburg
07.06.2013 - 09.07.2015 Member of the Board of Directors
Dr.sc.agr. Michael
Schroeder
D 22844 Norderstedt
BUSINESS
ACTIVITIES
Main
industrial sector
2660
Manufacture of irradiation, electromedical and electrotherapeutic
equipment
46462
Wholesale of medical and orthopedic goods, dental and laboratory
supplies
7219
Other research and experimental development on natural sciences and
engineering
BRANCHES
AND FACTORIES
Works:
Eppendorf AG
Sebenter Weg 39
D 23758 Oldenburg
PARTICIPATIONS
Shareholder:
Eppendorf Zentrifugen
GmbH
Portitzer Allee 15
D 04329 Leipzig
Legal form:
Private limited company
Company Status: active
Share capital: EUR 5,000,000.00
Share: EUR 5,000,000.00
Reg. data: 12.12.1991
Local court
04275 Leipzig
HRB 4236
Shareholder:
Eppendorf Polymere GmbH
Sebenter Weg 39
D 23758 Oldenburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 5,000,000.00
Share: EUR 5,000,000.00
Reg. data: 21.12.1998
Local court
23568 Lübeck
HRB 1054 OL
Shareholder:
Eppendorf Instrumente
GmbH
Barkhausenweg 1
D 22339 Hamburg
Post Box:
63 03 25
Legal form: Private
limited company
Company Status: active
Share capital: EUR 5,000,000.00
Share: EUR 5,000,000.00
Reg. data: 12.11.1998
Local court
20355 Hamburg
HRB 69077
Shareholder:
Eppendorf Liquid Handling
GmbH
Barkhausenweg 1
D 22339 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR
5,000,000.00
Share: EUR 5,000,000.00
Reg. data: 08.12.2004
Local court
20355 Hamburg
HRB 92250
Shareholder:
Starlab International GmbH
Neuer Höltigbaum 38
D 22143 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 2,000,000.00
Share: EUR 2,000,000.00
Reg. data: 23.02.2012
Local court
20355 Hamburg
HRB 122020
Shareholder:
DASGIP Information and
Process Technology
GmbH
Rudolf-Schulten-Str. 5
D 52428 Jülich
Legal form: Private
limited company
Company Status: active
Share capital: EUR 1,015,000.00
Share: EUR 1,015,000.00
Reg. data: 16.04.2012
Local court
52349 Düren
HRB 6322
Shareholder:
Eppendorf Vertrieb
Deutschland GmbH
Peter-Henlein-Str. 2
D 50389 Wesseling
Legal form: Private
limited company
Company Status: active
Share capital: EUR 500,000.00
Share: EUR 500,000.00
Reg. data: 26.11.1999
Local court 50939 Köln
HRB 32511
Shareholder:
LabServ GmbH
Dienstleistungen für das Labor
Im Tiefen See 62
D 64293 Darmstadt
Legal form: Private limited company
Company Status: insolvent
since: 02.03.2010
Share capital: EUR 127,822.97
Share: EUR 127,822.97
Reg. data: 13.07.2001
Local court
64283 Darmstadt
HRB 8236
Shareholder:
Grundstücksverwaltung
Leipziger Straße 106 -
112 GmbH
Barkhausenweg 1
D 22339 Hamburg
Legal form: Private
limited company
Company Status: in
liquidation
since: 12.01.2017
Share
capital: EUR 26,000.00
Share: EUR 26,000.00
Reg. data: 12.11.1998
Local court
20355 Hamburg
HRB 69072
Shareholder:
Eppendorf BioChem GmbH
Barkhausenweg 1
D 22339 Hamburg
Legal form: Private
limited company
Company Status: active
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Reg. data: 12.09.2001
Local court
20355 Hamburg
HRB 81338
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
Balance sheet year: 2015
PMI: No significant / relevant payment experience
information pertaining to the company
Inquired upon is shown in the Deutscher
Debitoren Monitor (DDMonitor).
REAL
ESTATE
Type of ownership: proprietor
Share:
100.00 %
Address Barkhausenweg
1
D 22339 Hamburg
Land register documents were not available.
BANKERS
DEUTSCHE BANK, 20079 HAMBURG
Sort. code: 20070000, Account no.: 0202200
BIC: DEUTDEHHXXX, IBAN: DE51200700000020220000
HAMBURGER SPARKASSE, 20454 HAMBURG
Sort. code: 20050550, Account no.: 1280118447
BIC: HASPDEHHXXX, IBAN: DE32200505501280118447
HSBC TRINKAUS & BURKHARDT, 40002
DÜSSELDORF
Sort. code: 30030880, Account no.: 800547008
BIC: TUBDDEDDXXX, IBAN: DE56300308800800547008
FINANCIAL
FIGURES
Turnover:
2015 EUR 378,194,823.00
2016 *EUR 378,000,000.00
Profit: 2015 EUR 72,450,349.00
further business figures:
Equipment: EUR 4,384,283.00
Ac/ts receivable: EUR 122,123,802.00
Liabilities: EUR 31,827,226.00
Employees: 334
The business figures marked with an asterisk
are estimates based on average values in
the line of business.
BALANCE SHEETS
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 80.67
Liquidity ratio: 10.00
Return on total capital [%]: 13.19
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 80.16
Liquidity ratio: 10.00
Return on total capital [%]: 12.52
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 80.07
Liquidity ratio: 10.00
Return on total capital [%]: 15.62
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 74.49
Liquidity ratio: 10.00
Return on total capital [%]: 15.83
Equity ratio
The equity ratio indicates the portion of the
equity as compared
to the total capital. The higher the equity
ratio, the better the
economic stability (solvency) and thus the
financial autonomy of
a company.
Liquidity ratio
The liquidity ratio shows the proportion
between adjusted
receivables and net liabilities. The higher
the ratio, the lower
the company's financial dependancy from
external creditors.
Return on total capital
The return on total capital shows the
efficiency and return on
the total capital employed in the company. The
higher the return
on total capital, the more economically does
the company work
with the invested capital.
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2015 - 31.12.2015
ASSETS EUR 565,048,178.06
Fixed assets
EUR 235,585,468.23
Intangible assets
EUR 5,514,225.45
Concessions, licences, rights
EUR 5,397,946.00
Advance payments for intang. assets
EUR 116,279.45
Tangible assets
EUR 30,931,119.33
Land / similar rights
EUR 25,244,447.73
Other tangible assets / fixtures and
fittings
EUR 4,384,283.00
Advance payments made / construction
in progress
EUR 1,302,388.60
Financial assets
EUR 199,140,123.45
Shares in participations /
subsidiaries and the like
EUR 155,859,448.27
Shares in related companies
EUR 155,859,448.27
Loans to participations /
subsidiaries and the like
EUR 43,280,675.18
Loans to related companies
EUR 43,280,675.18
Current assets
EUR 312,697,518.31
Stocks
EUR 40,545,879.74
Finished goods / work in progress
EUR 40,545,879.74
Accounts receivable
EUR 122,123,801.67
Trade debtors
EUR 23,333,529.96
Amounts due from related companies
EUR 93,684,744.90
Other debtors and assets
EUR 5,105,526.81
Liquid means
EUR 150,027,836.90
Remaining other assets
EUR 16,765,191.52
Accruals (assets)
EUR 1,041,159.52
Deferred taxes (assets)
EUR 15,724,032.00
LIABILITIES EUR 565,048,178.06
Shareholders' equity
EUR 458,838,092.21
Capital
EUR 51,132,000.00
Subscribed capital (share capital)
EUR 51,132,000.00
Reserves EUR 327,162,965.81
Capital reserves
EUR 26,137,700.00
Retained earnings / revenue reserves EUR 301,025,265.81
Balance sheet profit/loss (+/-)
EUR 80,543,126.40
Balance
sheet profit / loss EUR 80,543,126.40
Provisions
EUR 74,382,859.72
Pension provisions and comparable
provisions
EUR 57,944,529.00
Provisions for taxes
EUR 3,214,362.72
Other / unspecified provisions
EUR 13,223,968.00
Liabilities
EUR 31,827,226.13
Other liabilities
EUR 31,827,226.13
Trade creditors (for IAS incl. bills
of exchange)
EUR 2,795,951.76
Liabilities from received advance
payments
EUR 214,675.47
Liabililties due to related companiesEUR 26,615,525.96
Unspecified other liabilities
EUR 2,201,072.94
thereof liabilities from tax /
financial authorities
EUR 521,403.23
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales
EUR 378,194,823.26
Other operating income
EUR 20,704,970.60
Cost of materials
EUR 227,121,020.82
Raw materials and supplies, purchased
goods
EUR 199,348,239.19
Purchased services
EUR 27,772,781.63
Gross result (+/-)
EUR 171,778,773.04
Staff expenses
EUR 35,254,974.69
Wages and salaries
EUR 27,600,206.69
Social security contributions and
expenses for pension plans and
benefits
EUR 7,654,768.00
Total depreciation
EUR 5,141,858.01
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 5,141,858.01
Other operating expenses
EUR 54,731,373.33
Operating result from continuing
operations
EUR 76,650,567.01
Result from participating interests
(+/-)
EUR 26,928,907.84
Expenses / income from participations EUR 26,928,907.84
Income from transfer of profits EUR 12,628,414.97
Income from related companies
EUR 14,300,492.87
Expenses for the transfer of losses
EUR 4,479,059.32
Interest result (+/-)
EUR 1,506,424.79
Interest and similar income
EUR 3,974,434.96
thereof from related companies
EUR 3,837,336.51
Interest and similar expenses
EUR 2,468,010.17
thereof paid to related companies
EUR 15,631.05
Other financial result
EUR -645,500.00
Depreciation on financial assets and
marketable securities
EUR 645,500.00
Financial result (+/-)
EUR 23,310,773.31
Result from ordinary operations (+/-)
EUR 99,961,340.32
Income tax / refund of income tax (+/-)EUR -27,361,342.82
Other taxes / refund of taxes
EUR -149,648.57
Tax (+/-)
EUR -27,510,991.39
Annual surplus / annual deficit
EUR 72,450,348.93
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2014 - 31.12.2014
ASSETS EUR 499,293,016.08
Fixed assets
EUR 225,367,397.37
Intangible assets
EUR 6,241,292.62
Concessions, licences, rights
EUR 6,169,962.00
Advance payments for intang. assets
EUR 71,330.62
Tangible assets
EUR 30,709,922.74
Land / similar rights
EUR 25,696,582.73
Other tangible assets / fixtures and
fittings
EUR 4,938,608.00
Advance payments made / construction
in progress
EUR 74,732.01
Financial assets
EUR 188,416,182.01
Shares in participations /
subsidiaries and the like
EUR 145,135,506.83
Shares in related companies
EUR 145,135,506.83
Loans to participations /
subsidiaries and the like
EUR 43,280,675.18
Loans to related companies
EUR 43,280,675.18
Current assets
EUR 260,312,497.48
Stocks
EUR 37,435,969.88
Finished goods / work in progress
EUR 37,435,969.88
Accounts receivable
EUR 107,162,046.28
Trade debtors
EUR 23,082,632.83
Amounts due from related companies
EUR 78,601,916.30
Other debtors and assets
EUR 5,477,497.15
Liquid means
EUR 115,714,481.32
Remaining other assets
EUR 13,613,121.23
Accruals (assets)
EUR 720,764.23
Deferred taxes (assets)
EUR 12,892,357.00
LIABILITIES EUR 499,293,016.08
Shareholders' equity
EUR 402,801,115.28
Capital
EUR 51,132,000.00
Subscribed capital (share capital) EUR
51,132,000.00
Reserves
EUR 290,785,695.74
Capital reserves
EUR 26,137,700.00
Retained earnings / revenue reserves EUR 264,647,995.74
Balance sheet profit/loss (+/-)
EUR 60,883,419.54
Annual surplus / annual deficit
EUR 60,883,419.54
Provisions
EUR 69,956,424.72
Pension provisions and comparable
provisions
EUR 54,550,454.00
Provisions for taxes
EUR 125,362.72
Other / unspecified provisions
EUR 15,280,608.00
Liabilities
EUR 26,535,476.08
Other liabilities
EUR 26,535,476.08
Trade creditors (for IAS incl. bills
of exchange)
EUR 4,176,293.87
Liabilities from received advance
payments
EUR 146,181.42
Liabililties due to related companiesEUR 20,881,245.58
Unspecified other liabilities
EUR 1,331,755.21
thereof liabilities from tax /
financial authorities
EUR 505,962.41
PROFIT AND LOSS ACCOUNT (cost-summary
method) according to Comm.
Code (HGB)
Sales
EUR 338,516,362.29
Other operating income
EUR 17,087,741.04
Cost of materials EUR 198,673,158.97
Raw materials and supplies, purchased
goods
EUR 173,232,620.84
Purchased services
EUR 25,440,538.13
Gross result (+/-)
EUR 156,930,944.36
Staff expenses
EUR 34,168,119.92
Wages and salaries
EUR 27,570,529.99
Social security contributions and
expenses for pension plans and
benefits EUR 6,597,589.93
Total depreciation
EUR 4,066,965.22
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 4,066,965.22
Other operating expenses
EUR 55,370,219.07
Operating result from continuing
operations
EUR 63,325,640.15
Result from participating interests
(+/-)
EUR 20,911,451.62
Expenses / income from participations EUR 25,800,361.32
Income from transfer of profits
EUR 15,869,512.97
Income from related companies
EUR 9,930,848.35
Expenses for participations
EUR 4,888,909.70
Expenses for other participations
EUR 4,888,909.70
Interest result (+/-)
EUR 721,616.02
Interest and similar income
EUR 3,302,121.77
thereof from related companies
EUR 3,146,646.23
Interest and similar expenses
EUR 2,580,505.75
thereof paid to related companies
EUR 73,871.71
Financial result (+/-)
EUR 21,633,067.64
Result from ordinary operations (+/-)
EUR 84,958,707.79
Income tax / refund of income tax (+/-)EUR -23,951,601.51
Other taxes / refund of taxes
EUR -123,686.74
Tax (+/-)
EUR -24,075,288.25
Annual surplus / annual deficit
EUR 60,883,419.54
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.76 |
|
|
1 |
INR 89.91 |
|
Euro |
1 |
INR 78.20 |
|
Euro |
1 |
INR 78.04 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.